Goodman Group Full Year Result
Goodman Group (GMG) beats its own earnings guidance Goodman Group (GMG) has reported a 9% lift in full year operating profit to $845.9 million and delivered an optimistic outlook for FY19. Click Here to view report & videoFor more Reporting Season coverage Click Here
Cormann defends energy prices modelling
Power prices will fall further than recent reductions under the Turnbull government’s proposed National Energy Guarantee, Finance Minister Mathias Cormann says. The minister has rejected former prime minister Tony Abbott’s claims that cast doubt on the estimates of a $550 a year saving on household electricity prices from the coalition’s technology-neutral policy, which will be…
Facebook cracks down on bogus posts inciting violence
Facebook on Wednesday built on its campaign to prevent the platform from being used to spread dangerous misinformation, saying it will remove bogus posts likely to spark violence.The new tactic being spread through the global social network was tested in Sri Lanka, which was recently rocked by inter-religious over false information posted on the world’s…
Australian cannabis company prepares for North American expansion
Australian medicinal cannabis company The Hydroponics Company (THC) is preparing for expansion in Canada ahead of the country’s legalization of recreational marijuana use later this year. The Chairman of THC Steven Xu and acting CEO Ken Charteris have recently returned to Australia from Canada, where they were reviewing operations of company subsidiaries Crystal Mountain Products…
Ford bets its future on new Detroit hub
Bill Ford Jr., the great-grandson of the American carmaker’s founder, stood in front of thousands Tuesday in Detroit, with an abandoned train station in the background, and entwined the company’s future with that of the dilapidated building behind him. ‘This station is a symbol,’ Ford declared. ‘We’re making a big bet on our future.’The company –…
China deal boosts Bubs
Bubs Australia shares have surged after the infant formula provider agreed to supply China-based New Times Asia with products to be sold on up to 20 e-commerce platforms in China. New Times Asia specialises in providing e-commerce platforms with well-known brands, including numerous imported infant formula and milk powder brands. New Times Asia has committed…
CommSec Daily Report Friday
Latest newsAussie shares are off to a softer start on Friday, weighed down most by losses from the banks and large miners. The ASX 200 index is down 0.2 per cent and follows a weak lead from Wall Street and a number of geopolitical concerns.Although only around a third of companies on the ASX are…
The royal commission opens Pandora’s Box
As the royal commission into the financial services industry leaves a path of destruction and humiliation in its wake, much change lies ahead.In case we had forgotten the importance of incentives, the royal commission is providing a salutary reminder. Across the spectrum of banking, financial advice, and mortgage broking, the industry has been found sorely…
British economy facing Brexit-induced struggle
Britain’s economy will face sluggish growth in the coming years on the back of Brexit fallout, finance minister Philip Hammond revealed Tuesday in a key budget update.Gross domestic product (GDP) is projected to grow 1.5 percent this year, Chancellor of the Exchequer Hammond said, hiking prior guidance of 1.4 percent thanks to increasing productivity and…
Wages still ahead of prices
Wages still ahead of prices; Used cars in vogueWage price index; Consumer confidence; Lending financeWage growth: The wage price index rose by 0.5 per cent in the March quarter to be up 1.9 per cent over theyear. Annual underlying inflation remains below wages at 1.7 per cent.Consumer confidence: The Westpac/Melbourne Institute survey of consumer sentiment…
